Legal & General Group Plc Has $324.21 Million Stock Holdings in Valero Energy Corporation $VLO

Legal & General Group Plc grew its position in shares of Valero Energy Corporation (NYSE:VLOFree Report) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,904,181 shares of the oil and gas company’s stock after buying an additional 43,237 shares during the period. Legal & General Group Plc owned approximately 0.62% of Valero Energy worth $324,206,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VLO. Highline Wealth Partners LLC grew its stake in shares of Valero Energy by 70.2% in the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 66 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Valero Energy in the 3rd quarter worth about $34,000. Cypress Capital Management LLC WY bought a new stake in Valero Energy in the 3rd quarter valued at about $34,000. Physician Wealth Advisors Inc. boosted its holdings in Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 125 shares during the period. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Valero Energy during the 2nd quarter worth approximately $43,000. Institutional investors own 78.69% of the company’s stock.

Key Headlines Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

Analyst Ratings Changes

Several research analysts have recently commented on VLO shares. Citigroup raised their target price on shares of Valero Energy from $190.00 to $212.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Wall Street Zen raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Piper Sandler raised their price objective on Valero Energy from $217.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. UBS Group reaffirmed a “buy” rating on shares of Valero Energy in a report on Tuesday, January 6th. Finally, Barclays increased their target price on Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.67.

Check Out Our Latest Stock Report on VLO

Valero Energy Price Performance

Valero Energy stock opened at $231.17 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.11 and a current ratio of 1.64. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $232.99. The stock has a market capitalization of $69.13 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.70. The stock has a fifty day moving average of $195.07 and a 200-day moving average of $176.62.

Valero Energy (NYSE:VLOGet Free Report) last released its earnings results on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.55. The firm had revenue of $30.37 billion for the quarter, compared to analysts’ expectations of $28.20 billion. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, sell-side analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were issued a dividend of $1.20 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Valero Energy’s payout ratio is presently 62.83%.

Valero Energy Profile

(Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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